Durango Tech

$370,000

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Description

Duplex Condominium Residential/Commercial. Built in 2002. Unit 1 - Ground Level, 642 sq. ft. 3 rooms, 2 storage areas and a private bath. Commercial space, currently vacant. Previous rents averaged 1238/mo. Unit 2 - Upper Level, 722 sq.ft. Residential or additional commercial space, rented @ 1000/month thru 5/31/19. Sellers have owned the unit for 4.5 years and have had no vacancy in the ground level unit. Each unit has a keyed entrance off a foyer. The 2 units share one meter for LPEA and one for ATMOS. Monthly TOTAL for the past year for both units has averaged $126. Both units benefit from a 3,000-watt solar system designed to produce 4,725 k Wh of electricity each year. HOA fees include landscaping, trash, water, sewer, insurance, exterior maintenance, snow removal. There are two HOA entities involved. Rock Point and the Tech Center. TOTAL HOA fees are $247.00 Monthly. Property is managed by AREM. The 6/30/17 actual valuation was $369,670. The tax bill for 2017 paid in 2018 was $2,558.28. Easy access to Downtown Durango (bike route!), nearby biking and hiking trails make this a special place to own. Excellent mountain views! Upstairs balcony. Owners are willing to finance with 10% down at 5.5% for 30 years. Caution: Balcony door automatically locks behind you